I'm not an anti-capitalist, or anarchist. I want capitalism to work. — Ha-Joon Chang Copy Share Image
There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that. — Ha-Joon Chang Copy Share Image
Overcoming the myth that there is such a thing as an objectively defined 'free market' is the first step towards understanding capitalism. — Ha-Joon Chang Copy Share Image
“Gore Vidal, the American writer, once famously described the American economic system as ‘free enterprise for the poor and socialism for the… — Ha-Joon Chang Copy Share Image
To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms. — Ha-Joon Chang Copy Share Image
The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only… — Ha-Joon Chang Copy Share Image
The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double… — Ha-Joon Chang Copy Share Image
It is impossible to objectively define how free a market is. This is a political definition. Government is always involved, and those… — Ha-Joon Chang Copy Share Image
To put it bluntly, there isn't one economic theory that can single-handedly explain Singapore's success; its economy combines extreme features of capitalism… — Ha-Joon Chang Copy Share Image
Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept… — Ha-Joon Chang Copy Share Image
“So, when free-market economists say that a certain regulation should not be introduced because it would restrict the ‘freedom’ of a certain… — Ha-Joon Chang Copy Share Image
“If the world were full of the self-seeking individuals found in economics textbooks, it would grind to a halt because we would… — Ha-Joon Chang Copy Share Image
“In no country does the average income give the right picture of how people live but in a country with higher inequality it is… — Ha-Joon Chang Copy Share
Sometimes people with strong ideology, whether left-wing or right-wing, refuse to do something simply because they believe it is wrong, when doing it actually… — Ha-Joon Chang Copy Share
Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying… — Ha-Joon Chang Copy Share
Indeed, willingness to challenge professional economists and other experts is a foundation stone of democracy. If all we have to do is to listen… — Ha-Joon Chang Copy Share
If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can be… — Ha-Joon Chang Copy Share
“Harry S. Truman, in his typical no-nonsense style, once said that ‘An expert is someone who doesn’t want to learn anything new, because then… — Ha-Joon Chang Copy Share
Rational thinking is an important aspect of human nature, but we have imagination, we have ambition, we have irrational fear, we are swayed by… — Ha-Joon Chang Copy Share
The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double standards involved… — Ha-Joon Chang Copy Share
Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it. — Ha-Joon Chang Copy Share
The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get… — Ha-Joon Chang Copy Share
What free-market economists are not telling us is that the politics they want to get rid of are none other than those of democracy… — Ha-Joon Chang Copy Share
“Joseph Schumpeter emphasized that all analysis in economics is preceded by a pre-analytical cognitive act, called vision, in which the analyst ‘visualise[s] a distinct… — Ha-Joon Chang Copy Share
“All technical professionals have an incentive to make themselves look more complicated than they are so that they can justify the high fees their… — Ha-Joon Chang Copy Share
“all technical professions have an incentive to make themselves look more complicated than they really are so that they can justify the high fees… — Ha-Joon Chang Copy Share
